EXECUTIVE ORDER MJF 00-45

Tobacco Settlement Payment Options Task Force

WHEREAS, Executive Order No. MJF 2000-2,
signed on January 28, 2000, established the Tobacco
Settlement Payment Options Task Force (hereafter "Task
Force") to compare the value of an immediate lump sum
payment of the state of Louisiana's portion of $246 billion
obtained from the settlement of Richard P. Ieyoub v. Philip
Morris, Inc., No. 98-6473, Fourteenth Judicial District
Court, parish of Calcasieu, and other cases, to the value of
annual payments if received as scheduled in the amounts
anticipated; analyze the risks involved in the tobacco
settlement payment plan; and explore other tobacco
settlement payment options that may be in the best interest
of the citizens of the state of Louisiana;

WHEREAS, Executive Order No. MJF 2000-31,
signed on September 27, 2000, established the deadline for
the next meeting of the Task Force and extended its
reporting period; and

WHEREAS, it is necessary to amend Executive
Order No. MJF 2000-2, as amended by Executive Order No.
MJF 2000-31, in order to further extend the reporting period
for the Task Force and establish another deadline for its next
meeting;

NOW THEREFORE, I, M.J. "MIKE" FOSTER, JR.,
Governor of the state of Louisiana, by virtue of the authority
vested by the Constitution and the laws of the state of
Louisiana, do hereby order and direct as follows:

SECTION 1: Subsection 2(D) of Executive Order No.
MJF 2000-2, signed on January 28, 2000, is amended to
provide as follows:

Submitting to the governor, speaker of the
House of Representatives, and the president of the
Senate, an updated comprehensive written report
on the issues set forth in subsections 2(A), (B),
and (C) of this Order by January 31, 2001.

SECTION 2: Section 5 of Executive Order No. MJF
2000-2 is amended to provide as follows:

The Task Force shall hold its next meeting on
or before December 18, 2000. Thereafter, it shall
meet at regularly scheduled intervals and at the
call of one (1) or both of the co-chairs.

SECTION 3: All other sections, subsections, and/or
paragraphs of Executive Order No. MJF 2000-2 shall remain
in full force and effect.

SECTION 4: Executive Order No. MJF 2000-31,
signed on September 27, 2000, is terminated and rescinded.

SECTION 5: This Order is effective upon signature
and shall continue in effect until amended, modified,
terminated, or rescinded by the governor, or terminated by
operation of law.

IN WITNESS WHEREOF, I have set my hand
officially and caused to be affixed the Great Seal of
Louisiana, at the Capitol, in the city of Baton Rouge, on this
15th day of November, 2000.